CoinSwitch’s Web3 Fund Fuels 12 Startups with $25M in Follow-On Capital
CoinSwitch's Web3 Discovery Fund has made a significant impact since its launch, investing in 12 promising startups and facilitating nearly $25 million in subsequent funding. The fund, which aims to provide not only funds but also expertise and networking opportunities, has expanded its VC investor network to over 70 participants in less than 9 months.
The fund has backed startups built on key themes such as blockchain infrastructure, blockchain analytics, and real-world asset tokenization. Among the funded startups are PYOR, Silence Labs, AirStack, Mohash, Shield, PolyTrade, BitsCrunch, and PlayZap. These startups have benefited from the fund's connections, with over 100 startups linked to esteemed global investors like Andreessen Horowitz (a16z), Coinbase Ventures, and Sequoia Capital.
CoinSwitch's Web3 Discovery Fund focuses on empowering startups to develop blockchain-based solutions for the Web3 landscape. By providing early-stage support, the fund helps these startups grow and attract further investment.
In just a short period, CoinSwitch's Web3 Discovery Fund has demonstrated its commitment to fostering innovation in the blockchain space. With its strategic investments and extensive network, the fund continues to play a crucial role in the growth and development of early-stage startups in the Web3 ecosystem.
